Blackbaud (Nasdaq: BLKB ) is expected to report Q2 earnings on July 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Blackbaud's revenues will expand 10.9% and EPS will grow 12.5%.
The average estimate for revenue is $122.2 million. On the bottom line, the average EPS estimate is $0.27.
Last quarter, Blackbaud tallied revenue of $115.6 million. GAAP reported sales were 22% higher than the prior-year quarter's $94.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.26. GAAP EPS of $0.06 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 53.7%, 290 basis points worse than the prior-year quarter. Operating margin was 7.7%, 20 basis points worse than the prior-year quarter. Net margin was 2.3%, 60 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $501.2 million. The average EPS estimate is $1.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 91 members out of 105 rating the stock outperform, and 14 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Blackbaud a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Blackbaud is outperform, with an average price target of $29.67.
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